(L.OBJ. 3) Computing the cash effect of transactions [15 min] Use the Cole Gymnastics d...

(L.OBJ. 3) Computing the cash effect of transactions [15 min]

Use the Cole Gymnastics data in Exercise 13-19.

Requirement

1. Compute the following:

a. New borrowing or payment of long-term notes payable, with Cole Gymnastics having only one long-term note payable transaction during the year

b. Issuance of common stock, with Cole Gymnastics having only one common stock transaction during the year

c. Payment of cash dividends